External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

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Equity Bottom-Up

<ul><li>MCB Bank (MCB) conducted its Corporate Briefing Session today where management discussed financial performance for 3Q2025 and outlook.</li><li>Deposits of the bank on unconsolidated basis increased by Rs309bn to close at Rs2.2trn in Sep-25 from Dec-24. For 2026, management expects deposit growth of around 20% and plans to hire significant employees of over 3,000 on front-desk for deposit mobilization.</li><li>We maintain a buy stance on MCB, with the stock currently trading at a 2025E PE ratio of 7.3x, PBV ratio of 1.3x, and dividend yield of 10.3%.</li></ul>

MCB Bank (MCB) conducted its Corporate Briefing Session today where management discussed financial performance for 3Q2025 and outlook.Deposits of the bank on unconsolidated basis increased by Rs309bn to close at Rs2.2trn in Sep-25 from Dec-24. For 2026, management expects deposit growth of around 20% and plans to hire significant employees of over 3,000 on front-desk for deposit mobilization.We maintain a buy stance on MCB, with the stock currently trading at a 2025E PE ratio of 7.3x, PBV ratio of 1.3x, and dividend yield of 10.3%.

Topline Flash Note: MCB Bank (MCB): Corporate Briefing Key Takeaways

<ul><li>MCB Bank (MCB) conducted its Corporate Briefing Session today where management discussed financial performance for 2Q2025 and future outlook.</li><li>Current Accounts (CA) concentration of the bank has increased to 54% in Jun 2025 compared to 49% in Dec 2024.</li><li>We maintain a buy stance on MCB, with the stock currently trading at a 2025E PE ratio of 7.9x, PBV ratio of 1.4x, and dividend yield of 10%.</li></ul>

MCB Bank (MCB) conducted its Corporate Briefing Session today where management discussed financial performance for 2Q2025 and future outlook.Current Accounts (CA) concentration of the bank has increased to 54% in Jun 2025 compared to 49% in Dec 2024.We maintain a buy stance on MCB, with the stock currently trading at a 2025E PE ratio of 7.9x, PBV ratio of 1.4x, and dividend yield of 10%.

<ul><li>MCB Bank (MCB) announced its 2Q2025 results today, reporting consolidated earnings of Rs14.6bn (EPS: Rs12.3), down 13% YoY and flat QoQ. This takes 1H2025 earnings to Rs29.2bn (EPS: Rs24.7), down 16% YoY.</li><li>The 2Q2025 results came higher than industry expectations due to higher-than-expected Net Interest Income (NII).</li><li>We have buy stance on MCB, with the stock currently trading at a 2025E PE ratio of 7.9x, PBV ratio of 1.4x, and dividend yield of 10%.</li></ul>

MCB Bank (MCB) announced its 2Q2025 results today, reporting consolidated earnings of Rs14.6bn (EPS: Rs12.3), down 13% YoY and flat QoQ. This takes 1H2025 earnings to Rs29.2bn (EPS: Rs24.7), down 16% YoY.The 2Q2025 results came higher than industry expectations due to higher-than-expected Net Interest Income (NII).We have buy stance on MCB, with the stock currently trading at a 2025E PE ratio of 7.9x, PBV ratio of 1.4x, and dividend yield of 10%.

MCB Bank (MCB): 2Q2025 EPS At Rs12.3, Down 13% YoY (Earnings Higher Than Industry Expectations)

<ul>
<li>MCB Bank announced its 1Q2025 result, recording consolidated earnings of Rs14.7bn (EPS of Rs12.36), down 18% YoY but up 39% QoQ, in line with industry expectations.</li>
<li>The bank declared a first interim cash dividend of Rs9 per share, aligning with market expectations.</li>
<li>Net Interest Income declined by 8% YoY to Rs39bn, while Non Interest Income increased by 9% YoY, driven by foreign exchange and dividend income.</li>
</ul>


MCB Bank announced its 1Q2025 result, recording consolidated earnings of Rs14.7bn (EPS of Rs12.36), down 18% YoY but up 39% QoQ, in line with industry expectations.
The bank declared a first interim cash dividend of Rs9 per share, aligning with market expectations.
Net Interest Income declined by 8% YoY to Rs39bn, while Non Interest Income increased by 9% YoY, driven by foreign exchange and dividend income.


MCB Bank (MCB): 1Q2025 EPS at Rs12.4 (Earnings in line with industry expectations)

<ul>
<li>MCB Bank (MCB) announced its 4Q2024 result today, where the bank recorded consolidated earnings of Rs10.5bn (EPS of Rs8.87), down 38% YoY and 42% QoQ. The result came in line with industry expectations.</li>
<li>This takes full year 2024 earnings to Rs63.2bn (EPS of Rs53.35), down 3% YoY.</li>
<li>Alongside result, bank also announced a final cash dividend of Rs9/share, taking 2024 dividend to Rs36/share.</li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


MCB Bank (MCB) announced its 4Q2024 result today, where the bank recorded consolidated earnings of Rs10.5bn (EPS of Rs8.87), down 38% YoY and 42% QoQ. The result came in line with industry expectations.
This takes full year 2024 earnings to Rs63.2bn (EPS of Rs53.35), down 3% YoY.
Alongside result, bank also announced a final cash dividend of Rs9/share, taking 2024 dividend to Rs36/share.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

MCB Bank (MCB): 4Q2024 EPS at Rs8.87 (Earnings in line with industry expectations)

Pakistan

MCB Bank Ltd. is a full service commercial bank. The Bank offers a wide range of financial products and advice for personal and corporate customers, including online banking services.

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MCB Bank Ltd (MCB PA)

Topline Flash Note: MCB Bank (MCB): Corporate Briefing Key Takeaways

MCB Bank (MCB) conducted its Corporate Briefing Session today where management discussed financial performance for 3Q2025 and outlook. Deposits of...

Topline Securities

Topline Flash Note: MCB Bank (MCB): Corporate Briefing Key Takeaways

MCB Bank (MCB) conducted its Corporate Briefing Session today where management discussed financial performance for 2Q2025 and future...

Topline Securities

MCB Bank (MCB): 2Q2025 EPS At Rs12.3, Down 13% YoY (Earnings Higher Than Industry Expectations)

MCB Bank (MCB) announced its 2Q2025 results today, reporting consolidated earnings of Rs14.6bn (EPS: Rs12.3), down 13% YoY and flat QoQ. This...

Topline Securities

MCB Bank (MCB): 1Q2025 EPS at Rs12.4 (Earnings in line with industry expectations)

MCB Bank announced its 1Q2025 result, recording consolidated earnings of Rs14.7bn (EPS of Rs12.36), down 18% YoY but up 39% QoQ, in line with...

Topline Securities

MCB Bank (MCB): 4Q2024 EPS at Rs8.87 (Earnings in line with industry expectations)

MCB Bank (MCB) announced its 4Q2024 result today, where the bank recorded consolidated earnings of Rs10.5bn (EPS of Rs8.87), down 38% YoY and 42%...

Topline Securities

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